this is out of the 10q march 31 2013 on the R
Post# of 45510
this is out of the 10q march 31 2013 on the
Rescission of Punch TV
Rescission of Punch TV
Effective May 15, 2013, Joseph Collins resigned as President and director as result of the rescission of the Punch Television Network Agreement. An associated accrual in the amount of $3,400 has been credited in the current period.
Additionally, the Company has reclassified the values of assets and liabilities of Punch TV as reported in the Company’s financial statements for the year ended December 31, 2012 to contra accounts labeled on the Balance Sheet as Net Disputed Assets and Net Disputed Liabilities , respectively.
Read more: http://www.faqs.org/sec-filings/130521/IC-Pun...z2kpwBenP4
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